Coral Gables

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Coral Gables Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Coral Gables, we work to find the best home loan solution in coral gables for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Coral Gables Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Coral Gables, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is your local credit union. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Coral Gables Florida Overview & Statistics

Coral Gables Overview

As of 2007, Coral Gables's population is 42,794 people. Since 2000, it has had a population growth of 1.29 percent.

The median home cost in Coral Gables is $1,003,200. Home appreciation the last year has been -1.72 percent.

Compared to the rest of the country, Coral Gables's cost of living is 80.78% Higher than the U.S. average.

Coral Gables public schools spend $5,765 per student. The average school expenditure in the U.S. is $6,058. There are about 20 students per teacher in Coral Gables.

The unemployment rate in Coral Gables is 1.90 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Coral Gables jobs have Increased by 2.92 percent.

Coral Gables Climate

Coral Gables, FL, gets 53 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 125.

On average, there are 248 sunny days per year in Coral Gables, FL. The July high is around 87 degrees. The January low is 62. Our comfort index, which is based on humidity during the hot months, is a 30 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Coral Gables Housing

The median home value in Coral Gables, FL, is $1,003,200. Home appreciation is -1.72% over the last year. The median age of Coral Gables, FL, real estate is 46 years.

Coral Gables, FL Apartments and Rentals

Renters make up 32.18% of the Coral Gables, FL, population. 5.97% of houses and apartments in Coral Gables, FL, are unoccupied (vacancy rate).

Coral Gables Crime

Coral Gables, FL, violent crime, on a scale from 1 (low crime) to 10, is 6. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Coral Gables, FL, property crime, on a scale from 1 (low) to 10, is 7. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.coralgables.com

Coral Gables Real Estate Agents

Florida First Time Home Buyers Grants

Florida First Time Home Buyer Programs

Florida Home Loan